BikeBiz Bicycle and cycling retail news
Fox Factory Holding Corp is set to acquire chunks of Marzocchi’s mountain bike portfolio.
The transaction is expected to close in Q4 and remains subject to customary closing conditions. The acquisition is not expected to have an impact on either fiscal 2015 or 2016, says Fox.
"We are excited to announce the agreement to acquire certain assets of the Marzocchi mountain bike product lines, which we believe is a significant opportunity for FOX to further expand the penetration of our bike suspension products across more price points," stated Larry L. Enterline, FOX’s Chief Executive Officer. "The Marzocchi team has a long history of performance suspension experience and we believe that this highly complementary transaction will allow for the increased growth of the Marzocchi brand worldwide. We expect this transaction will bring together and strengthen two highly complementary product lines and allow for FOX to leverage its marketing, engineering, distribution, and supply chain resources to drive increased top-line growth and profitability."
Further details of the transaction will be published in Fox’s third-quarter earnings report early next month.
